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Hermann Houser says Britain has no chance of being technologically independent after leaving the EU.
Only the EU member states are being considered to host a new European facility, says CEO Pat Gelsinger.
The boss of Intel says the US chipmaker is no longer considering building a factory in the UK because of Brexit.
Intel says Brexit means it is no longer considering the UK as the site to build a major new chip factory as part of its $95bn (£70bn) global expansion plans.
Intel is cutting the UK out of its European expansion plans based on the nation's decision to leave the EU, the world's biggest political and trading bloc.